The Existence of Noncompeting Groups and Other Occupational Differences in Labor

question 54

Multiple Choice

The existence of noncompeting groups and other occupational differences in labor markets means that

• A) homogeneous, competitive labor markets are possible in the short run.
• B) the government must step in to ensure that enough people enter unskilled occupations.
• C) the market demand curves for all labor groups are highly price inelastic.
• D) wage differentials will tend to persist over time.
• E) wages have little or no effect on the supply curves of labor.

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Definitions:

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